Delaware Sustainable

Energy Utility Energy Efficiency Advisory Committee

January 14, 2015 Presented by Tony DePrima, Executive Director, DESEU

www.EnergizeDelaware.org

Senator Harris B. McDowell, III, Chairman

Secretary David Small

Nnamdi Chukwuocha

Sean Finnigan

Dr. Charles G. Wagner

Representative Trey Paradee

Kristopher E. Knight

Syed Ismat Shah

Pamela Bakerian

Joseph Schorah

David Bonar, Public Advocate

DESEU Oversight Board Members Delaware's Sustainable Energy Utility (DESEU) is a unique nonprofit

501(c)(3) organization created by the State of Delaware to foster a

sustainable energy future for the state. Current Board Members are:

The Delaware Sustainable Energy

Utility (DESEU) was created by the

Legislature in 2007 to deliver energy

efficiency and renewable energy

services to Delaware households and

businesses.

MISSION of the DESEU

“To promote coordinated program

delivery, including coordination with low

income programs, other efficiency

programs, and utility programs”

“To offer "one-stop shopping" and be the

point-of-contact for sustainable energy

services in Delaware”

DESEU Legislation: Our Role

The DESEU at its discretion may

provide

o private financing

o RGGI Funds

o Other financial resources

to reduce implementation in

coordination with the affected energy

providers

SEU Legislation: Our Opportunity

Tax Exempt Financing

Regional Greenhouse Gas Initiative

(RGGI) Funds - $12 million Annually

Fees for Services

Interest on Loans

Funding Sources

DESEU Success Stories

THE BONDS: Raised over $72 million in

2011 to support energy

performance contracts;

Carried a 4.07% interest rate

(All-in True Cost of Interest);

Awarded AA+ by Standard and

Poor’s; Aa2 by Moody’s.

DESEU Success Stories Revolving Loan Program 2014

Wilmington Office Building

$1 million – Multiple ECM

Loan closed under construction

Wilmington Office Building

$898,260 – Multiple ECMs

Loan approved closing pending

Ground Mounted Solar PV

$499,000 – 205 kw System

Loan approved closing pending

Newark Office Buildings

$480,000 – LED’s

Loan under review.

DESEU Success Stories Energy Audit for Non-Profits

20 Completed Audit

Providing

recommendations

upwards of 25% off of

their annual utility bills.

SEU pays 90% of cost of

audit

SEU follows up with

funding and financing

assistance

Every dollar we save goes

directly to helping us fulfill our

mission of providing

employment for people with

disabilities.”

- Craig Crouch, Chief Executive

Officer, Kent-Sussex Industries,

Inc.

DESEU Success Stories

Green for Green Program

This was the first family that

received a rebate through

the Green for Green Program

they received a $2000

rebate and saved $1261 off

their annual utility bills.

We have paid out about 145 rebates total $535,285.

17 home builders, over 50 communities

Central Delaware & New Castle Habitats for Humanity

Delaware Green for Green Program

o rebates

Home Performance with Energy Star

o Audit - $300 subsidy

o Rebates - Over $6000 in total

o Loans – Unsecured 6.99%

Solar PV Incentive – Upfront Purchase

of SREC’s – 50kv or less

DESEU Programs For Citizens

Low Interest Loans for Energy Savings

Grants for Commercial Grade Solar and

Geo-Thermal

Solar PV Incentive – Upfront Purchase

of SREC’s – 50Kw or less

Energy Assessments for Non-profits

SEU-DCIC Loans – Low\Mod Income

Focus

DESEU Programs For Businesses &

Non-profits

Tax Exempt Bond or Lease Financing

o Conduit Bonds

Commercial Low Interest Loans

o 2%-5% Interest

o Terms based on length of Energy Savings

LED Street light conversion – Lighting

Districts

DESEU Programs For Government

from the Delaware Sustainable Energy Utility:

For your

Business

Low interest

loans

How You Can Benefit…

For your

Home Green for

Green;

Home

Performance

with Energy

Star

For Non-

Profits Low interest

loans; Low

Cost

Assessments

Clean

Energy SREC Auction;

Upfront SREC

purchase

program;

Solar

Thermal

Program

State

Agencies &

School

Districts Tax-exempt

financing;

Pathway to

Green Ribbon

Schools

Loans for Agricultural Producers

Solar Resiliency Plus – Solar plus

battery back up pilot

Home Performance for Downtown

Districts

New & upcoming

Focus on Low & Moderate Income

People

o Education with Direct Install Measures

o Enhanced Home Performance Programs

• Strong Communities

• Moderate Income Program

o Multiple Family Incentive Program

o Net Zero Manufactured Housing

New & upcoming

Cost effective energy efficiency

programs available uniformly across

Delaware and collaboratively funded by

DESEU, Delmarva Power, DEC, DEMEC

towns, and Chesapeake Utilities and

offered through an organization whose

single purpose is clean and efficiency

energy: DESEU

A Vision for Delaware

This is our

service

territory!!!

QUESTIONS & ANSWERS For more information or to schedule an energy

audit, see Tony DePrima after the meeting, or

call (302) 883-3048

THANK YOU

www.EnergizeDelaware.org